Posts Tagged ‘LBMA Market Maker’

If gold is indeed such a worthless insignificant “fiat currency”, then why just two months ago, did Citibank rush to be “reclassified as a spot Market Making Member of the LBMA? Could it be that gold actually has some value to Citi, if nothing else than pocketing commissions from traders, now that the bank’s rigging is no longer possible?